News

President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial ...
New law cuts Consumer Financial Protection Bureau’s funding cap by 46%, saving $2 billion, Republicans say. GOP argues the ...
Consumer advocates slam the CFPB for dropping 21 enforcement actions and planning to repeal the Open Banking Rule, raising concerns over transparency.
The Consumer Financial Protection Bureau has asked a court to undo its settlement with a mortgage lender it had accused of discrimination. The move has dumbfounded former officials and consumer ...
The CFPB since 2022 has issued scores of advisory opinions, interpretive rules, policy statements, and “circular” vehicles purporting to clarify existing consumer financial law.
COMMENTARY | "If a president objects to a federal law, they need to take it up with Congress, not fire everyone hired to ...
As we have highlighted previously (here and here), the Consumer Financial Protection Bureau (CFPB) has continued to undergo significant changes under the second Trump Administration. However ...
About 70-100 employees were terminated at the CFPB, following dozens of recent workers who were fired earlier this week. Agency staff are bracing for even wider layoffs.
With President Joe Biden’s term nearly over, federal agencies should be winding down activities for the year and preparing for enormous changes in their leadership and policy goals. However, one ...
The Trump administration has installed Jeffrey Clark at the Consumer Financial Protection Bureau. Clark, a former environmental lawyer in the Justice Department in the first Trump administration, was ...
Effective Oct 2025, CFPB’s new rule ends overdraft profits. Big banks must cap fees at $5, use cost-basis or fully disclose terms, saving US Americans billions each year.
Judge Neomi Rao issued a strong dissent from the appellate court's modified order blocking the Trump administration from conducting mass firings of Consumer Financial Protection Bureau employees.